Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $65,169
Woo hoo!! And we're now over 80%!! Thank you all very much!! God bless.

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  • The Source Of It: Government’s Reckless and Irresponsible Monetary And Fiscal Policies Led To Silicon Valley Bank’s Failure

    03/14/2023 11:51:27 AM PDT · by SeekAndFind · 5 replies
    The Federalist ^ | 03/14/2023 | Helen Raleigh
    BOTTOM LINE: SVB invested too much of its capital in U.S. government-backed bonds and then became a victim of the government’s irresponsible policies. Silicon Valley Bank (SVB), the 16th-largest bank in the U.S., collapsed last Friday, becoming the second-largest bank failure in U.S. history after the downfall of Washington Mutual in 2008. Unlike Washington Mutual, SVB’s failure is not due to reckless lending but has much to do with our government’s monetary and fiscal policies. Headquartered in Santa Clara, California, SVB was once the largest bank in Silicon Valley. Its geographical location meant that most customers were tech startup entrepreneurs...